MARTIN

Operated by BKV BARNETT II, LLC (P-5 103758) in the NEWARK, EAST (BARNETT SHALE) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 240598District 09Field 652802002 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.5 M
Sep 2007 – May 2026
Value, last 12 filed months
$222 k
at the published price for each month
Months reported
225
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 21,881 leases and 22,468 wells, and the rule below applies to all of them.

Discovered
1981-10-15
as the register files it
Field class
Oil and gas
the register's own label
Between wells
0 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2009-09-29.

The Commission's schedule remark for this field reads: DESIGNATED AS UFT FIELD PER DOCKET 01-0299858

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112008-10-21178294
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition3 bbl$251
GasProduction3,970,467 Mcf$18,533,838
Total$18,534,088

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 33.1331, -97.1057. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

33.13308, -97.10566 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
9,006 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 9,006 ft.

Completions filed
Sep 2007
1 of 1 wells

1 well

42-121331331H9,006 ftSep 2007

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (225)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

225 months

May 202600106.413.05$0
Apr 202607,97498.932.87$22,883
Mar 20260089.753.15$0
Feb 20260063.503.75$0
Jan 20260059.138.00$0
Dec 202508,62656.664.41$38,070
Nov 202508,12058.593.93$31,883
Oct 202508,45759.383.30$27,949
Sep 202508,47662.743.08$26,080
Aug 202508,63163.933.01$26,020
Jul 202507,46466.743.32$24,745
Jun 202507,90866.483.13$24,742
May 202508,52160.553.23$27,543
Apr 202508,68362.363.54$30,765
Mar 202509,16967.704.27$39,136
Feb 202507,88070.884.34$34,206
Jan 202509,19974.324.28$39,360
Dec 202409,18368.993.12$28,664
Nov 202409,02669.052.20$19,843
Oct 202409,30671.372.28$21,231
Sep 202409,11569.612.36$21,551
Aug 202409,13675.632.06$18,853
Jul 202409,35579.932.15$20,081
Jun 202408,75478.082.63$23,058
May 202409,47178.812.20$20,821
Apr 202409,03684.451.66$14,993
Mar 202409,69380.301.55$14,977
Feb 202408,88476.091.78$15,846
Jan 202409,19973.023.30$30,335
Dec 2023010,00571.262.61$26,120
Nov 202309,73677.892.81$27,334
Oct 2023010,17685.443.09$31,416
Sep 202309,94889.042.74$27,208
Aug 2023010,28180.522.67$27,480
Jul 2023010,34474.852.64$27,327
Jun 2023010,10768.962.26$22,826
May 2023010,36670.622.23$23,089
Apr 2023010,01478.122.24$22,409
Mar 2023010,33372.852.39$24,729
Feb 202309,80375.112.47$24,171
Jan 2023010,87376.533.39$36,835
Dec 2022011,01676.415.73$63,112
Nov 2022010,71085.005.65$60,471
Oct 2022011,24887.185.86$65,956
Sep 2022010,92784.888.16$89,205
Aug 2022011,33594.529.13$103,456
Jul 2022011,877101.587.54$89,577
Jun 2022012,069115.097.98$96,277
May 2022013,157109.378.43$110,954
Apr 2022014,923104.226.84$102,038
Mar 2022014,252108.885.08$72,349
Feb 20220091.054.86$0
Jan 20220081.844.54$0
Dec 20210071.323.90$0
Nov 20210077.435.24$0
Oct 202107,22379.795.71$41,271
Sep 2021011,00969.865.35$58,908
Aug 2021010,93866.024.22$46,165
Jul 2021011,42170.783.98$45,479
Jun 2021011,11369.493.38$37,569
May 2021011,72263.483.02$35,373
Apr 2021010,89660.362.76$30,056
Mar 2021011,85561.302.72$32,209
Feb 202107,65957.805.55$42,492
Jan 2021011,56450.412.81$32,498
Dec 2020011,99844.642.68$32,100
Nov 2020011,55438.772.71$31,272
Oct 2020017,53836.972.48$43,467
Sep 2020011,57837.091.99$23,052
Aug 2020012,73239.982.39$30,367
Jul 2020013,12038.371.83$23,946
Jun 2020013,03234.901.69$22,028
May 2020014,00316.921.81$25,412
Apr 20200014.751.80$0
Mar 20200030.341.86$0
Feb 202007,06049.881.98$13,984
Jan 202008,57357.252.09$17,958
Dec 201907,68959.012.30$17,718
Nov 201906,75655.302.75$18,584
Oct 201906,77353.472.42$16,381
Sep 201909,03155.052.66$23,998
Aug 201904,35553.112.30$10,035
Jul 201907,46656.272.46$18,367
Jun 201908,21152.782.49$20,455
May 201907,54058.482.74$20,662
Apr 201905,02362.632.75$13,817
Mar 201906,98456.803.06$21,386
Feb 201909,79450.852.79$27,347
Jan 2019011,53246.033.23$37,227
Dec 2018011,16246.594.19$46,718
Nov 2018011,52252.934.24$48,821
Oct 2018011,31961.443.40$38,463
Sep 2018011,72159.543.11$36,429
Aug 2018012,27459.403.07$37,639
Jul 201803,35665.142.93$9,839
Jun 201809,93760.183.08$30,575
May 2018010,09965.382.90$29,295
Apr 201807,34163.842.90$21,295
Mar 2018011,29161.222.79$31,466
Feb 2018010,36661.782.77$28,674
Jan 2018012,15362.874.01$48,725
Dec 2017013,09657.272.92$38,260
Nov 2017011,87855.423.12$37,040
Oct 2017012,23149.292.98$36,493
Sep 2017014,09847.523.09$43,524
Aug 2017012,31345.373.00$36,993
Jul 2017014,64743.873.09$45,219
Jun 2017013,26642.493.09$40,956
May 2017014,26645.373.26$46,556
Apr 2017012,61747.933.21$40,521
Mar 2017015,64346.772.98$46,674
Feb 2017013,58850.452.95$40,120
Jan 2017016,02949.413.42$54,800
Dec 2016016,29548.763.72$60,664
Nov 2016015,61642.492.64$41,294
Oct 2016015,87546.193.09$49,058
Sep 2016017,20141.553.10$53,334
Aug 2016016,59341.442.92$48,524
Jul 2016018,19141.622.92$53,197
Jun 2016016,97045.352.69$45,579
May 2016020,15442.521.99$40,127
Apr 2016020,99136.561.99$41,794
Mar 2016018,60533.011.79$33,378
Feb 2016016,32426.472.06$33,687
Jan 2016024,70527.352.36$58,412
Dec 2015026,37332.362.00$52,783
Nov 2015026,93438.792.17$58,375
Oct 2015031,49543.552.43$76,425
Sep 2015019,68842.992.76$54,308
Aug 20150040.162.87$0
Jul 201502,36148.152.95$6,953
Jun 2015012,13556.152.88$34,984
May 2015012,92455.212.96$38,196
Apr 2015011,45649.822.71$31,006
Mar 2015012,50742.892.93$36,704
Feb 2015011,55344.662.98$34,384
Jan 2015013,91443.433.10$43,142
Dec 2014015,56454.693.59$55,896
Nov 2014016,94670.464.25$72,052
Oct 2014014,52878.303.90$56,673
Sep 2014016,94686.164.05$68,554
Aug 2014010,57789.394.04$42,679
Jul 201406,18396.564.18$25,842
Jun 201407,73598.164.74$36,640
May 201408,10594.734.73$38,309
Apr 201408,70795.944.81$41,873
Mar 201408,76995.895.06$44,343
Feb 2014012,38397.406.19$76,676
Jan 2014013,34590.404.86$64,866
Dec 2013011,67391.824.35$50,830
Nov 2013013,36888.853.74$49,973
Oct 2013013,16497.423.78$49,752
Sep 2013015,313104.113.72$56,930
Aug 2013014,812104.253.52$52,177
Jul 2013013,433102.523.72$49,940
Jun 2013012,90594.403.93$50,761
May 2013015,79694.834.15$65,539
Apr 2013016,63493.964.28$71,237
Mar 2013013,78493.623.91$53,935
Feb 2013012,94691.233.42$44,274
Jan 2013015,97091.603.42$54,616
Dec 2012014,99486.773.42$51,282
Nov 2012015,09986.953.62$54,733
Oct 2012016,66089.383.40$56,639
Sep 2012017,78394.672.92$51,898
Aug 2012019,59692.662.91$56,988
Jul 2012019,19485.133.02$57,981
Jun 2012017,60479.822.52$44,345
May 2012018,97591.612.49$47,216
Apr 2012018,369101.652.00$36,679
Mar 2012021,385105.052.22$47,519
Feb 2012018,102101.102.57$46,526
Jan 2012019,65598.092.73$53,738
Dec 2011020,26296.873.24$65,644
Nov 2011020,25995.723.31$67,083
Oct 2011020,80384.983.65$75,901
Sep 2011021,13983.623.99$84,256
Aug 2011019,84683.404.15$82,347
Jul 2011022,89494.144.52$103,418
Jun 2011022,54992.904.64$104,625
May 2011023,51898.134.40$103,593
Apr 2011023,437105.964.33$101,559
Mar 2011026,77096.364.06$108,615
Feb 2011018,88985.644.18$78,956
Jan 2011026,68086.504.59$122,429
Dec 2010027,22685.734.35$118,372
Nov 2010026,42780.843.80$100,299
Oct 2010027,92278.103.51$97,975
Sep 2010028,34172.633.98$112,782
Aug 2010030,59773.684.42$135,219
Jul 2010031,88072.554.74$150,999
Jun 2010024,13370.364.91$118,503
May 2010027,80171.124.24$117,743
Apr 2010026,04481.694.12$107,371
Mar 2010028,98578.394.39$127,206
Feb 2010126,98473.585.44$146,930
Jan 2010032,14274.365.96$191,698
Dec 2009036,27971.445.48$198,945
Nov 2009031,40274.593.75$117,805
Oct 2009033,39072.544.11$137,241
Sep 2009033,56465.543.06$102,865
Aug 2009036,33167.423.22$116,931
Jul 2009038,35861.133.46$132,891
Jun 2009037,83766.163.90$147,375
May 2009042,00054.743.93$164,882
Apr 2009041,21246.773.59$147,848
Mar 2009043,57442.144.06$176,867
Feb 2009042,60432.814.63$197,384
Jan 2009049,16335.865.37$264,054
Dec 2008051,70137.105.98$309,024
Nov 2008041,09255.496.86$281,906
Oct 2008144,28675.246.92$306,622
Sep 2008141,021101.767.88$323,228
Aug 2008042,360114.228.48$359,341
Jul 2008042,931131.0811.39$488,960
Jun 2008039,617131.3313.03$516,314
May 2008038,740123.1711.57$448,388
Apr 2008042,770110.3110.45$447,154
Mar 2008046,699101.909.66$451,302
Feb 2008057,61692.538.77$505,326
Jan 2008072,54990.388.21$595,318
Dec 2007083,98688.337.30$613,263
Nov 2007093,20391.677.29$679,608
Oct 20070117,13182.856.92$810,778
Sep 2007050,94075.846.24$318,078

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Apr 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $ 98.93 =         $0
Gas                7,974 Mcf  × $  2.87 =    $22,883

────────────────────────────────────────────────────
Month total                                  $22,883

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 09/G/240598 is the state's own key, not one this site invented.